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Stories Tagged - Urban Analytics

SOLA, a new "smart" condo development in Kensington, is one example of how developers are shaking up their offerings to stand out in a crowded marketplace. 
Courtesy of the Ocgrow Group of Companies

March 09, 2021 | Stefan Strangman

Adapt or die: Calgary condo developers embrace innovation and affordability to succeed in crowded COVID-19 market

COVID-19 has undoubtedly changed how Calgarians live their lives. According to market analysts, it has also started to affect where they live and how they buy homes, and condo developers have been forced to adapt.

The Underwood, located in the Beltline, is one of many new purpose-built rental developments in the city.
Courtesy Western Securities

Jan. 31, 2020 | Barb Livingstone

Rentals rising: Calgary's purpose-built rental boom shows no signs of slowing down

In 2019, Calgary experienced a purpose-built-rental "boom" and 2020 is expected to be even hotter.

According to market research firm Urban Analytics, there are approximately 65 new purpose-built rental projects (totalling 19,225 apartment units) currently proceeding through the planning and construction processes.

Courtesy Hon Developments

Oct. 02, 2019 | Mario Toneguzzi

Despite oversupply, Calgary new-build condo market is moving in the right direction

For the past couple years, the Calgary condo market has been plagued by elevated inventory, but there has been some improvement in that area over the past year.

Let's look at some key stats that have defined the condo market so far this year in Calgary.

CREB®Now Archive

Nov. 08, 2017 | Mario Toneguzzi

Market on the mend

The arrow is pointing upwards for Calgary housing market as recovery continues

It's been a tough couple of years for Calgary's housing market, as it slowly recovers from the collapse of oil prices that started in 2014.

That pain created some deep wounds for the city's economy, which shed thousands of jobs and plunged into a recession for both 2015 and 2016. The light at the end of the tunnel began to materialize this year, and the recovery is expected to fully take hold in 2018.

That's good news for the real estate market, as job growth will fuel demand going forward.


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